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IPO · AI & Deep Tech

AVPL International gets SEBI nod for INR 200 crore IPO

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Date
Company
AVPL International
What it does
Drone training and services provider
Kind
IPO
Amount
INR 200 Cr
Stage
IPO
Founded
2016
Sector
AI & Deep Tech

What they do

SEBI issued an observation letter approving the IPO on 30 Jan 2026

What happened

The IPO is a fresh issue of INR 200 crore for business expansion and working capital

Why it matters

Net profit rose 59% in FY25 to INR 14 crore on higher revenue

The details

  • Sebi issued an observation letter approving the IPO on 30 Jan 2026.
  • The company plans a fresh issue of shares worth INR 200 Cr.
  • Proceeds will fund business expansion, working capital, and general corporate purposes.
  • This follows a confidential DRHP filing in Oct 2025 for the same amount.
  • A previous attempt at an NSE Emerge listing in 2023 was not proceeded with.
  • The board had previously approved raising up to INR 200 Cr from an earlier INR 125 Cr target.
  • Authorized share capital was increased to INR 25 Cr from INR 22 Cr.

The bigger picture

  • The approval marks a significant step after a failed merger term sheet with DroneAcharaya.
  • It shows resilience after the 2023 listing plan did not proceed.
  • Strong financial growth supports the current valuation and investor interest.

About the business

  • The firm runs over 70+ drone training centres across 16 states.
  • Services include drone training, skill development, and direct drone sales.
  • It also provides drone-as-a-service solutions for various clients.
  • Agri solutions are part of its service portfolio.
  • Operating revenue reached INR 87.5 Cr in FY25.
  • Revenue grew 87% from INR 46.8 Cr in FY24.
  • Net profit stood at INR 14 Cr, up 59% from FY24.
  • The company focuses on education and practical application of drone technology.

What happens next

  • The company will likely proceed with the IPO listing following Sebi's approval.

The deal

Type
IPO

Founders

  • Preet Sandhuu, co-founder
  • Deep Sisai, co-founder

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